Wockhardt gets revision in credit ratings

from CARE

Wockhardt announced that Credit Analysis & Research has has re-affirmed the Company's Rating for Short Term Bank Facilities (Non Fund Based Working Capital limit) as 'CARE A1+' and revised the Company's Long - Term Bank Facilities (Fund Based Working Capital limit) as 'CARE AA-' from 'CARE AA'.

Further, CARE Ratings has also revised rating for the proposed issue of NCDs of Rs. 250 crore of the Company as 'CARE AA-' from 'CARE AA'.

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